Show REDUCED RATE BENEFITS UTAH UTA New Markets for Scrap Iron to Be Opened Material benefits In the way of coming new mark markets ts for tor scrap Iron and steel concentrated In Salt Lake and other Utah common points as aswell aswell well as allowing local foundries ad addition ad- ad l latitude in s slipping shipping these articles from intermediate late points between Utah and the Pacific coast will c come me to Utah Junk dealers and foundries from the decision to led le le- d ce the freight rates on scrap iron and steel from Utah common points to to San Francisco and bay terrItory terri tern tory approximately 2 per ton with pounds as minimum ship shIp- ment mont Announcement to this effect was made by the Southern Pacific railroad railroad rail rall- road Saturday through Its Us local general agent Press Bancroft The reduction will place San Francisco markets on a parity parit with Los Angeles Angeles Angeles An An- geles m markets patronized by Utah Junk dealers in the past The he rate to San Francisco until the above announcement was made has been practically prohibitive While It is Is' Is understood that ac accumulations accumulations no- no of scrap Iron and steel are used almost entirely in Utah foundries there are many instances where shipments have been made In the past to foundries located Inand in inand inand and around Los Angeles Local Junk dealers are Jubilant over the reduction because it will vill allow them to plan on additional markets in in San Francisco and also have some effect on local prices offered by foundries Foundries will likewise benefit to some extent from the reduction be because because because be- be cause It Will ill allow their buyers to gather scrap in Nevada for tor shipment ship ship- ment mont to Salt Lake and other Utah foundry points Scrap accumulations accumulations in Nevada have passed practically ignored In tho the past because of ot high freight rates required to bring them to the foundries in tHese parts firm alone it Is stated accumulates and sells between 10 and tons of scrap iron annually annually annually an an- to local foundries In addition to exporting to foundries on Pacific coast many tons of ot scrap each year ear At least half halt a dozen firms engage In this enterprise in Salt Lake contrIbuting con con- their share to the commerce commerce com corn merce and industry of the state |